18-C §8-106. Possession by receiver
§8-106. Possession by receiver After approval of a bond under section 8-105, the court may order the public administrator to transfer and deliver to the receiver possession of the property under the warrant. The receiver shall file a schedule of the property received in the registry of probate. [PL 2017, c. 402, Pt. A, […]
18-C §7-454. Derivatives and options
§7-454. Derivatives and options 1. Derivative. As used in this section, “derivative” means a contract or financial instrument or a combination of contracts and financial instruments that gives a trust the right or obligation to participate in some or all changes in the price of a tangible or intangible asset or group of assets, or […]
18-C §8-107. Collection of debts
§8-107. Collection of debts In addition to property transferred to the receiver under section 8-106, the receiver shall take possession of any other property within the State that belongs to the absentee and demand and collect all debts due the absentee from any person in the State and hold the same as if it had […]
18-C §7-455. Asset-backed securities
§7-455. Asset-backed securities 1. Asset-backed security. As used in this section, “asset-backed security” means an asset whose value is based upon the right it gives the owner to receive distributions from the proceeds of financial assets that provide collateral for the security. “Asset-backed security” includes an asset that gives the owner the right to receive […]
18-C §8-108. Appointment of receiver for absentee’s debts
§8-108. Appointment of receiver for absentee’s debts If an absentee has left no corporeal property within the State, but there are debts or obligations due or owing the absentee from persons in the State, a petition may be filed as provided in section 8-101, stating the nature and amount of the absentee’s known debts and […]
18-C §7-461. Disbursements from income
§7-461. Disbursements from income A trustee shall make the following disbursements from income to the extent that they are not disbursements to which section 7‑421, subsection 2, paragraph B or C applies: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Compensation. One-half of the regular […]
18-C §8-109. Perishable goods
§8-109. Perishable goods The court may make orders for the care, custody, leasing and investing of all property and its proceeds in the possession of the receiver. If any of the property consists of live animals or is perishable or cannot be kept without great or disproportionate expense, the court may, after the return of […]
18-C §7-462. Disbursements from principal
§7-462. Disbursements from principal 1. Required disbursements. A trustee shall make the following disbursements from principal: A. The remaining 1/2 of the disbursements described in section 7‑461, subsections 1 and 2; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] B. All of the trustee’s compensation […]
18-C §8-110. Support of dependents
§8-110. Support of dependents The court may order the absentee’s property or its proceeds acquired by mortgage, lease or sale to be applied in payment of expenses incurred or that may be incurred to support and maintain the absentee’s spouse and dependent children and to discharge any debts and claims for spousal support proved against […]
18-C §7-463. Transfers from income to principal for depreciation
§7-463. Transfers from income to principal for depreciation 1. Depreciation. As used in this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion or gradual obsolescence of a fixed asset having a useful life of more than one year. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. […]